Sales: Retail Trade: Total Retail Trade: Volume for Australia
Growth rate same period previous year, Annual, Seasonally Adjusted
SLRTTO01AUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
-94.04%
Date Range
1/1/1985 - 1/1/2024
Summary
This economic trend measures the annual growth rate of retail sales, adjusted for seasonal variations. It provides insights into consumer spending patterns and helps analysts and policymakers gauge the overall health of the U.S. economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The growth rate same period previous year for retail sales is a key economic indicator that tracks the year-over-year change in the value of retail transactions. It offers a longitudinal perspective on consumer demand and can signal shifts in purchasing power, confidence, and broader economic conditions.
Methodology
The data is collected through monthly surveys of retail establishments and calculated as the percent change from the same month in the previous year.
Historical Context
This trend is closely monitored by the Federal Reserve, economists, and market analysts to inform monetary policy decisions and business strategies.
Key Facts
- Retail sales account for about 40% of total consumer spending in the U.S.
- The annual growth rate of retail sales has averaged around 4% over the past decade.
- Declines in this metric can signal an economic slowdown or recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the value of retail sales in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer demand and overall economic health, making this trend an important data point for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments and calculated as the percent change from the same month in the previous year.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend to inform monetary policy decisions and gauge the state of the economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around two weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (SLRTTO01AUA659S), retrieved from FRED.